The Hochul administration’s slow rollout of New York’s legal cannabis trade was a real buzzkill, and the market is still far from recovered from it, an industry group says in a stinging…
violating statutes. The vets say they were excluded from the first round of licenses in favor of applications submitted by those previously convicted of marijuana-related crimes when dealing was illegal.Current medical marijuana companies also were excluded from the first round of licenses, which offer cannabis to all customers, not just patients.
“With the NYC Sheriff’s office estimating over 2,000 illicit shops in NYC alone, there appears no stopping this booming market,” the report card said. “Further, even though the State passed a new law in March that would fine these shops up to $10,000 per day, players in the industry are doubtful taxes could get collected from these mostly cash-only shops.”
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